Failure by a promissory notes maker to pay the amount due at maturity is known as Dishonoring a note.
A dishonored note is a that promissory note which has not been paid by a debtor in a given reasonable amount of time. It causes the creditor to write off the recorded revenue as a bad debt.
With the help of promissory note, a buyer can make a short-term commitment to pay any supplier for merchandise within the stated time period and also at a certain interest rate.
In order to properly record a dishonored note in the financial journal of the organization one must first decide whether he is expecting to collect payment eventually or not.
A bill is always considered as dishonored either by non-acceptance or by non-payment of the bill.
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Answer:
Two weaknesses as consultant can be identify: The economy experiences economic fluctuations, and people with no resources to sell could starve
Explanation:
In a pure market economy, the allocation of resources is based on purely the dynamics between supply and demand. If our economy is closed (there is no imports nor exports) and there is not different actors (such as government) and all trade goods are perfect (they are not public or semi-public goods), then the market will efficiently allocate all the resources. Nevertheless, this is not the case, and with an open economy and the existence of imperfections, any external impact will cause economic fluctuations, and those workers with no demandable offer will not be hired, and potentially will be out of the market.
Answer:
variable per unit $ 89.72
fixed cost per unit $ 26.5
total unit cost $ 116.22
Explanation:
Variable cost per machine-hour
825,420 / 9,200 = 89.72
This will keep constant at unit level thus, at 9,400 the variable cost will still be 89.72
Now fixed cost: 249,100 / 9,400 output = 26.5
This is the fixed cost per unit considering a 9,400 untis output
Now, we add them to get the total unit cost:
89.72 + 26.5 = 116.22